Shaw Group (SHAW) Completes E&C Unit Sale to Technip; Nears Closing of CB&I Deal
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CB&I (CBI) to Acquire Shaw Group (SHAW) for $46/Share
July 30, 2012 7:42 AM EDTCB&I (NYSE: CBI) announced today that it has entered into a definitive agreement to acquire Shaw Group (NYSE: SHAW), a Fortune 500 company primarily focused on serving clients in the power generation and government services sector. The acquisition is expected to close in early 2013.
CB&I will acquire Shaw for $46.00 per share in cash and stock. Shareholders will receive $41.00 in cash and $5.00 in... More
